Suppose That Nominal GDP Were $1200 Billion in 1990 and $2000

question 19

Multiple Choice

Suppose that nominal GDP were $1200 billion in 1990 and $2000 billion in 1995.The implicit GDP deflator was 1.00 in 1990 and 1.50 in 1995.From this we can infer that,between 1990 and 1995

• A)nominal GDP rose by 33%.
• B)prices rose by 66%.
• C)real GDP remained constant.
• D)real GDP rose by about 11%.

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Definitions:

Single-gene Disorder

A genetic disorder caused by mutations in a single gene, affecting the organism's development or functioning.

Dominant

Assuming a position of power, influence, or greater importance in a relationship or situation.

Extra-chromosome Condition

A genetic condition characterized by having more than the usual number of chromosomes in the cells of an organism, often resulting in developmental differences.

Down Syndrome

A genetic disorder caused by the presence of an extra 21st chromosome, leading to developmental and intellectual delays.